Marathon Digital Holdings Inc (MARA)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 656,378 | 598,752 | 564,954 | 501,574 | 387,508 | 259,157 | 202,180 | 199,776 | 197,548 | 227,846 | 238,681 | 188,647 | 148,895 | 92,824 | 41,952 | 12,910 | 4,337 | 2,126 | 1,600 | 1,664 |
| Property, plant and equipment | US$ in thousands | 1,549,490 | 1,092,140 | 929,534 | 802,332 | 671,772 | 741,659 | 783,865 | 714,916 | 273,026 | 403,523 | 314,257 | 333,317 | 276,243 | 93,932 | 80,151 | 41,961 | 17,224 | 4,682 | 3,614 | 2,836 |
| Fixed asset turnover | 0.42 | 0.55 | 0.61 | 0.63 | 0.58 | 0.35 | 0.26 | 0.28 | 0.72 | 0.56 | 0.76 | 0.57 | 0.54 | 0.99 | 0.52 | 0.31 | 0.25 | 0.45 | 0.44 | 0.59 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $656,378K ÷ $1,549,490K
= 0.42
The fixed asset turnover ratio of Marathon Digital Holdings Inc has shown fluctuations over the past few years. It increased from 0.59 in March 2020 to a peak of 0.99 in September 2021, indicating that the company was generating more revenue relative to its fixed assets during that period. However, the ratio declined in the following quarters, reaching a low of 0.25 in December 2020.
Subsequently, there were mixed trends in the fixed asset turnover ratio, with some quarters showing increases while others showed decreases. The ratio ranged between 0.26 and 0.76 over the next few years, suggesting varying efficiency in utilizing fixed assets to generate revenue.
Overall, the fixed asset turnover ratio of Marathon Digital Holdings Inc indicates the company's ability to generate revenue from its investment in fixed assets. It is essential for stakeholders to monitor this ratio closely to assess the efficiency of the company's asset utilization strategies.
Peer comparison
Dec 31, 2024